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Regional Soybean Acreage Response Analysis and Projections for 1974

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  • Evans, R. Samuel
  • Kenyon, David E.

Abstract

Regional acreage response equations were developed to measure the impact of price, government programs, and lagged acreage on harvested soybean acreage. Effective prices for soybeans, corn, cotton, and oats were computed incorporating market prices, support prices and the main supply increasing or decreasing effects of allotments, diversion payments and set-aside provisions. Special attention was given to the impact on harvested soybean acreage of the Feed Grain Programs of 1961-70. The equations were developed to permit projections of soybean acreage based on data available through March of the current year. For the period 1948 to 1978, the model explains 99 percent of the variation in soybean acreage, and for the period 1966-73, projections averaged within three-fourth million acres of actual harvested acreage.

Suggested Citation

  • Evans, R. Samuel & Kenyon, David E., 1974. "Regional Soybean Acreage Response Analysis and Projections for 1974," Miscellaneous Publications 327162, United States Department of Agriculture, Economic Research Service.
    • Handle: RePEc:ags:uersmp:327162
    DOI: 10.22004/ag.econ.327162
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    File URL: https://ageconsearch.umn.edu/record/327162/files/ERS-553.pdf
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    References listed on IDEAS

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    1. Ryan, Mary E. & Abel, Martin E., 1972. "Corn Acreage Response and the Set-Aside Program," Journal of Agricultural Economics Research, United States Department of Agriculture, Economic Research Service, vol. 24(4), pages 1-14, October.
    2. Hoffman, Robert G., 1973. "Wheat -- Regional Supply Analysis," Miscellaneous Publications 324762, United States Department of Agriculture, Economic Research Service.
    3. Ryan, Mary E. & Abel, Martin E., 1973. "Oats and Barley Acreage Response to Government Programs," Journal of Agricultural Economics Research, United States Department of Agriculture, Economic Research Service, vol. 25(4), pages 1-11, October.
    4. Houck, James P. & Ryan, Mary E., 1972. "Supply Analysis For Corn In The United States: The Impact Of Changing Government Programs," Staff Papers 13554, University of Minnesota, Department of Applied Economics.
    5. J. P. Houck & M. E. Ryan, 1972. "Supply Analysis for Corn in the United States: The Impact of Changing Government Programs," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 54(2), pages 184-191.
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    Cited by:

    1. Langley, James A., 1983. "Regional acreage response functions for major US field crops: estimation and policy implications," ISU General Staff Papers 198301010800008678, Iowa State University, Department of Economics.

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